Orion Protocol to Integrate Cardano Blockchain
Timothea Horwell | April 1 2021
Orion Protocol partners with IOHK: becoming the first liquidity aggregator to the Cardano blockchain.
Orion Protocol partners with IOHK to become the first liquidity aggregator to the Cardano blockchain. Meanwhile, the two will work together to enable the scalability and sustainability of the DeFi and NFT spaces. This follows recent integrations with Huobi ECO Chain, Binance Smart Chain, Avalanche, and Elrond, with more chains to be announced.
Orion Protocol will provide a decentralized gateway to the entire digital asset market – aggregating liquidity across decentralized and centralized crypto exchanges and swap platforms in one, decentralized platform. In seeking to solve the fragmentation of the crypto, digital asset, and traditional finance markets, a robust, future-facing, and scalable infrastructure is needed.
As such, Orion Protocol is proud to become the first liquidity aggregator to build on Cardano’s groundbreaking infrastructure, working together to ensure the scalability and sustainability of the DeFi and NFT spaces. Cardano’s multi layer protocol performs advanced functions, and has at its foundation a settlement layer that is elegantly linked to a control layer. The settlement layer will have a unit of account, while the control layer will run smart contracts. The control layer will be programmed to recognize identity, assisting compliance and allowing blacklisting for instance.
Orion is chain-agnostic, and doesn’t rely on any one platform to bring users centralized and decentralized liquidity directly to their wallet. By integrating multiple blockchains and exchanges in one platform, Orion Protocol gives users more freedom to transact across the crypto sphere – with a mission to aggregate the market in its entirety. Integrating Cardano blockchain’s infrastructure will play a significant role in enabling far greater interoperability, scalability, and performance of the protocol and each solution – from flagship product Orion Terminal to Orion NFT Aggregator.
Completely open source and patent-free, Cardano was built in a spirit of collaboration. And engineered for efficiency and scalability, the Cardano ecosystem is developing out into the most complete and most useful cryptocurrency ever constructed.
“It’s a huge honor to partner with IOHK to become the first liquidity aggregator to the Cardano blockchain. We admire and share their focus on building a scalable, and interoperable DeFi ecosystem, and we look forward to working together to achieve a sustainable future of the industry.” Alexey Koloskov, CEO + Co-Founder of Orion Protocol